Marathon sets buyback
FINDLAY: Marathon Petroleum plans to buy back an additional $2 billion of its common stock.
The company also declared a fourth-quarter dividend of 35 cents per share.
Marathon Petroleum said that it is extending the remaining $650 million repurchase authorization announced in February 2012, which gives it the ability to buy up to $2.65 billion of its stock through December 2014.
The dividend will be paid on March 11 to shareholders of record on Feb. 20.
Marathon Petroleum Corp. runs oil refineries and pipelines, and it sells fuel to drivers through its Speedway service stations.
Scotts CFO joins Battelle
Scotts Miracle-Gro Co. is losing its chief financial officer to the allure of working “for the greater good” at Battelle, the nonprofit research and development organization in Columbus.
Dave Evans joined the Marysville maker of consumer home and garden products as director of finance for operations in 1993. After moving through several positions, he was named CFO in 2006. He will leave for a similar position at Battelle in mid-February.
— Beacon Journal wire reports